Approved (limited all locations): Definition
A status given to ads that comply with our policies but can’t run in your targeted locations because of policy restrictions and targeting settings. The ad can run, however, to people interested in your targeted locations.
An ad will be marked "Approved (limited all locations)" when Google Ads policies (common examples include Alcohol, Copyrights, Gambling, Healthcare and Trademarks) prevent certain types of ads from showing in your targeted locations.
What you can do
Here are some steps you can take:
If you want the ad to run in your targeted locations, fix the ad so it complies with the policy requirements for your targeted location.
Adjust your campaign’s location settings to target allowed locations.
Try comparing your location targeting options to find the one that works for you. For example, if you don't want your ads to show to people outside your targeted locations, make sure to target People in your targeted locations under your campaign’s "Locations" settings.
You can always choose to pause the ad while you take the steps necessary to fix your ad.